Essay on Cis 500 Complete Course Cis500 Complete Course

1.1 Describe the purpose and benefits of organising data so that it can be analysed

The management has to be vigilant when managing these factors for the future betterment of the company (Drucker, 2016).

The Business Analytics Department has compiled this report based on data supplied by DGHG. The purpose of this report is to use this data to answer several key questions set out by DGHG, along with providing information as to whether the company has been meeting its key performance indicators, as set out in the business plan. The questions this report will primarily address, are as follows:

Q8: Write a report that outlines the information you have gathered and any recommendations you would make as a result.

2. What considerations should a corporate executive in industries such as banking, health care, or higher education investigate when deciding on implementing a data-mining program?

The first stage is analytically impaired. This stage is the stage where the data is flawed or the systems are not integrated well. Though I was not there for this, I have heard what happened a few years ago, and still there are a few current instances, when Comcast decided to cut down on the number of databases and included them all in one area. This was not executed well, since employees were still using the older data sources to run their analyses with. This left their analyses to be incorrect because the data they were using from the data systems were incorrect.

Using an example from your organization (current, past, future, hypothetical, or other) provide a brief description of an organization and business scenario where you could use analytics to solve a business problem.

1. Perform an industry analysis of the smart-phone industry. Do you believe Apple was effective in neutralizing the threats and capitalizing on the opportunities posed by the forces in the smart-phone industry? If yes, explain how. If not, explain why not.

a) A company is interested in providing a new benefit to its employees to encourage them to utilize public transportation. To study the potential of providing this benefit, the company would like to do a survey of the workers at a company to gather information on why do or do not use public transportation for commuting to work. The company is about 25,000 people in areas where public transportation is available. You also want to find out the reasons why their choice is what it is.

There are plenty of factors that could decide the managerial performance and could help an individual manager to refine his approaches and strategies for the benefit of the company as well as there are plenty of basic themes on which the qualities of a manager are based upon and the consequences of his actions could monitor the success of the company. The objective of this essay is to explain the themes that are selected from the talk of the real world business managers and to link it to the manager. Based on every particular theme as selected for analysis, there are both positives and negatives attached to it. There are various plus points that attach the themes to the benefit of a manager and some of the negative areas

To compete effectively in an era in which advantages are ephemeral, companies need to move beyond historical, rear-view understandings of business performance and customer behavior and become more proactive(tableau). Predictive Analytics is the use of data science for audience profiling. Generic audience profiling involves determining specific characteristics of your target audience and creating specific personas to represent each type of person within your target audience. Predictive analytics is essentially the same process, but from a data perspective (koozai). Predictive analytics can be used in wide areas in the industry, it’s importance is not constrained to a particular domain and ranges from marketing, telecommunication, retail, banking, etc. For example, the telecommunication industry has noticed a high customer churn since the switching costs are slim to none. So telecommunication companies operating in this industry are looking for new ways to differentiate themselves from competitors in order to retain customers. By using predictive analytics as a solution to this problem, they would be able to understand the customer needs, requirements and retain them also allowing them to acquire new ones more effectively. With predictive analytics, companies can predict trends, understand customers, improve business, drive strategic decision making and predict behavior. A company named Cox Communications, the third largest cable entertainment and broadband

Part 2. How Business Analytics can be used to gain advantage in a competitive marketplace

Analyze the trends that you observed with each company. To what could you attribute the increases or decreases in each company’s trend(s)?

So in summary we are using many types of analytical and statistical methods to transform the raw data into a shape where we can get information from it, and get a conclusion. Based onthese informationand conclusions we will be able to make business decisions, which might affect the future success.

Describe each of the three levels of Analytics (Descriptive, Predictive, and Prescriptive). Give a brief example of how they might be used to solve business decisions.